Candlestick Patterns
Three-Line Strike Bearish
The Three-Line Strike Bearish is a bearish continuation pattern represented by four candles. During a downtrend, the first three candles start increasing and have short bodies. The fourth candle will decrease again and engulf the previous three rising candles. Therefore, it will continue with the downtrend. This pattern shows very well how the price performs a pull-back with the first three small candles, to thereafter continue its way down with the last candle of the pattern. Therefore, by adding this pattern to your strategy, the strategy will signal a sell.
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